MFA Financial, Inc. Announces Redemption of 8.50% Series A Cumulative
Redeemable Preferred Stock
PR Newswire
NEW YORK, April 16, 2013
NEW YORK, April 16, 2013 /PRNewswire/ --MFA Financial, Inc. (NYSE: MFA)
today announced the redemption of all 3,840,000 outstanding shares of its
8.50% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred
Stock"). The redemption date will be May 16, 2013, and the redemption price
will be $25.00 per share of Series A Preferred Stock plus accrued and unpaid
dividends for the period from April 1, 2013, through and including the
redemption date, for an aggregate redemption price per share of SeriesA
Preferred Stock of approximately $25.27153. The redemption price will be paid
by MFA from the proceeds from its recently completed offering of its 7.50%
Series B Cumulative Redeemable Preferred Stock.
On and after the redemption date, dividends on the shares of Series A
Preferred Stock will cease to accrue, the shares of Series A Preferred Stock
will no longer be deemed outstanding, and all rights of the holders of shares
of Series A Preferred Stock will terminate, except the right to receive the
redemption price.
A notice of redemption will be mailed to holders of record of the shares of
Series A Preferred Stock on or about April 16, 2013. Any questions relating
to the notice of redemption should be addressed to Computershare Shareowner
Services, the redemption and paying agent, at:
Computershare Corporate Actions
250 Royall Street
Canton, Massachusetts 02021
Within the U.S., U.S. territories and Canada: 1-855-396-2084
Outside the U.S., U.S. territories and Canada: 1-781-575-2765
As a result of the redemption of the Series A Preferred Stock, it is expected
that MFA will record a charge of approximately $3.9 million in the quarter
ending June 30, 2013, for costs associated with the original issuance of the
Series A Preferred Stock, which will be reflected as an adjustment of
approximately $0.01 per share from net income available to common stock and
participating securities in such quarter.
MFA is a real estate investment trust primarily engaged in the business of
investment, on a leveraged basis, in Agency and Non-Agency residential
mortgage-backed securities.
Cautionary Statement Regarding Forward-Looking Information
When used in this filing, statements which are not historical in nature,
including those containing words such as "will," "believe," "expect,"
"anticipate," "estimate," "plan," "continue," "intend," "should," "may" or
similar expressions, are intended to identify "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and, as
such, may involve known and unknown risks, uncertainties and assumptions.
These statements regarding the following subjects, among others, may be
forward-looking: the timing of the completion of the Company's redemption of
the Series A Preferred Stock and the estimated amount and timing of the charge
for the issuance costs with respect to the Series A Preferred Stock. These
and other risks, uncertainties and factors, including those described in the
annual, quarterly and current reports that MFA files with the Securities and
Exchange Commission, could cause MFA's actual results to differ materially
from those projected in any forward-looking statements it makes. All
forward-looking statements speak only as of the date on which they are made.
New risks and uncertainties arise over time and it is not possible to predict
those events or how they may affect MFA. Except as required by law, MFA is not
obligated to, and does not intend to, update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
CONTACT: MFA Investor Relations
800-892-7547
SOURCE MFA Financial, Inc.